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Tariff-hit China exporters reluctant to heed government calls to...

Chinese exporters are reluctant to shift to the domestic market despite government calls to do so, as they face price wars, low profits, and payment delays. Many export-reliant factories have complained about weak domestic demand and high product return rates. Analysts argue that China's economy needs more demand, not more supply, and without fiscal stimulus to boost domestic demand, increasing product supply in the Chinese market may backfire. The Chinese commerce ministry has organized events to connect manufacturers with e-commerce platforms and retailers, and companies like JD.com and Meituan have offered support to exporters. However, some exporters are calling for support in the form of taxes and subsidies.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14642729/Tariff-hit-China-exporters-reluctant-heed-government-calls-sell-locally.html
Source Id: 8648757168

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